Policy Updates

Department of Education Announces Additional Improvements to the PSLF Waiver and Income-Driven Repayment Programs

On April 19, 2022, the U.S. Department of Education announced that it will bring student loan borrowers closer to public service loan and income-driven repayment (IDR) forgiveness by addressing historical failures in the administration of the federal student loan programs.

The actions include:

  • Ending “forbearance steering” by enforcing existing regulations which require loan servicers to provide clear and accurate information about their options for staying out of delinquency.
  • Conducting a one-time revision of IDR payments to address past inaccuracies.
  • Permanently fixing IDR payment counting by reforming Federal Student Aid’s IDR tracking.